European Economic News Preview: German Ifo Business Confidence Data Due
25 November 2024 - 12:22PM
RTTF2
Business confidence survey data from Germany is the only major
economic report due on Monday, headlining a light day for the
European economic news.
At 2.00 am ET, manufacturing sentiment and capacity utilization
figures are due from Turkey. At 2.30 am ET, Switzerland's Federal
Statistical Office releases employment data for the third
quarter.
At 3.00 am ET, Spain's INE publishes producer prices for
October. Prices had declined 5.2 percent annually in September.
At 4.00 am ET, the ifo Institute is scheduled to release German
monthly business sentiment survey data. The business climate index
is forecast to fall to 86.1 in November from 86.5 in the previous
month. In the meantime, industrial production and producer prices
from Poland are due. Economists expect industrial production to
grow 1.8 percent on year in October, in contrast to the 0.3 percent
fall in September. Producer prices are forecast to fall 5.5 percent
annually after a 6.3 percent decrease.
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